Results 1 to 5 of 5
  1. #1
    Newbie
    Join Date
    March 12th, 2012
    Location
    New York
    Posts
    8
    Tax Questions From a Young Taxpayer
    Hello,

    I have been an affiliate marketer for the past 5 years but I have never had to pay taxes to the extent that I will have to this next tax season.

    I have two other partners besides myself. One resides in Florida and the other resides in England.

    The Floridian partner takes care of all off-page SEO, the English partner takes care of content, and I (the New York partner) takes care of conversion optimization and on-site maintenance.

    I have been told, for tax purposes, that I should register an LLC and run all my sites under that and have each partner pay their fair share through that.

    However, I do not know how it works when I have a partner in England. Also, am I responsible for any other taxes? Such as sales tax? Also, I will be moving to Florida within the next 3 months as well...

    Very confused and in need of some help!

    Thanks,
    JC

  2. #2
    Full Member gcarson's Avatar
    Join Date
    November 13th, 2009
    Posts
    383
    Hire an accountant.

  3. #3
    OPM and Moderator Chuck Hamrick's Avatar
    Join Date
    April 5th, 2005
    Location
    Park City Utah
    Posts
    16,646
    I recommend at a minimum talking to a CPA. You may want to stop by the local Chamber of Commerce for some direction.

  4. #4
    Moderator
    Join Date
    October 16th, 2007
    Location
    Neenah, WI
    Posts
    682
    I had similar questions two or three years ago when my taxes exploded. There is a local chapter of S.C.O.R.E. here and they had me meet with an accountant. It was free and he answered all my questions.

    I'd definitely recommend looking up SCORE in your area and pursue a meeting.

  5. #5
    Newbie
    Join Date
    March 12th, 2012
    Location
    New York
    Posts
    8
    Quote Originally Posted by gcarson View Post
    Hire an accountant.
    Will do. Thanks for the advice.

    Quote Originally Posted by Chuck Hamrick View Post
    I recommend at a minimum talking to a CPA. You may want to stop by the local Chamber of Commerce for some direction.
    Awesome tip that I didn't think about. Sounds good! Thank you.

    Quote Originally Posted by calebtheredwood View Post
    I had similar questions two or three years ago when my taxes exploded. There is a local chapter of S.C.O.R.E. here and they had me meet with an accountant. It was free and he answered all my questions.

    I'd definitely recommend looking up SCORE in your area and pursue a meeting.
    I will definitely look into that. I think I will do so once I live in Florida. Thanks!

  6. Newsletter Signup

+ Reply to Thread

Similar Threads

  1. California Tax Law and Affiliate Nexus - Frequently Asked Questions
    By Catherine Hagan in forum Rakuten LinkShare - LS
    Replies: 0
    Last Post: July 6th, 2011, 11:08 AM
  2. A couple questions about Tax laws and how it effects others
    By Rollerblader in forum New York Affiliate Tax
    Replies: 6
    Last Post: May 31st, 2008, 10:26 PM
  3. Dreaded Tax Questions
    By leeann in forum Midnight Cafe'
    Replies: 7
    Last Post: March 16th, 2006, 04:00 AM
  4. Urgent: Tax questions for foreign owned U.S. LLC
    By hope4you in forum Midnight Cafe'
    Replies: 5
    Last Post: July 14th, 2005, 07:05 PM
  5. Affiliate tax questions
    By Vinny O'Hare in forum Newbie Affiliate FAQs & Helpful Articles
    Replies: 0
    Last Post: September 6th, 2004, 01:10 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •